Plain Puzzle

Plain Puzzle Without Solution Link

PuzzleFast

enCR32
account title : terms used to identify specific elements of accounting to be used in the process of recording transactions.
asset : refers to the thing of value or right owned by the business.
liabilities : refers to the obligations of the business to transfer a measurable amount of resources.
owners equity : refers to the claim of the owner in the assets of business.
net income : refers to the excess of revenue over expenses.
revenue : refers to the gross inflow of financial resources arising from profit-making activities.
expenses : refers to the outflow of financial resources arising from profit-making activities of the business.
service : these enterprises earn their income by rendering services.
merchandising : these enterprises earn their income by buying goods and selling them to consumers at a mark up price.
manufacturing : these enterprises earn their income by buying raw materials and converting them into finised product.
trading : refers to buying and selling goods.
sole proprietorship : a business owned by one person.
partnership : a form of business in which two or more people operate the common goal of profit-making.
corporation : a for-profit, limited liability entity that has a seperate legal personality from its members.
cooperative : a for-profit, limited liability entity that differs from a corporation.
financial position : describes how muchfinancial resources and obligationsthe business has and the interest of its owner or owners.
balance sheet : contains how much the business owns, obligaton it owes, and the equity of the owners.
income statement : a financial statement designed to determine the result of business operations.
cash : currency and cash equivalents.
accounts receivable : collectibles from customers for services rendered to them.
notes receivable : collectibles for services rendered.
merchandise inventory : goods acquired for sale and are still unsold.
office supplies : papers, pens, ink, ersers and the like which are still unused.
office equipment : refers to items used to perform office functions.
machinery : heavy equipment that performs certain functions.
prepaid expenses : expenses already but not yet occured.
furniture and fixtures : reffering to movable items that are acquired to improve the condition of a place.
delivery equipment : wheeled items that are used to transport goods.
land : land acquired for used in business.
buliding : refer to structures used for business.
accounts payables : obligations to suppliers for items bought but not yet paid.
notes receivable : obligations to suppliers for items bought on credit by issuing a promissory note.
expenses payable : these are obligations for expenses already incurred but not yet paid.
owner capital : additional investment of cash.
owner drawing : withdrawals of cash.
service revenue : refers to revenue earned as a result of providing service to the customers.
professional fees : refers to revenue earned as a result of providing professional service to the clients.
sales : refers to revenue derived from sale of goods.
interest income : refers to revenue earned for lending money.
miscellaneous income : refers to minor in come earned from various activities.
salary expense : refers to amounts paid to employees.
utilities expenses : refers to amounts paid for the use of water and electricity.
rent expense : refers to the cost of using space for office of business.
freight out : refers to the cost of transporting out goods to customer.
freight in : refers to the cost of transporting in of goods during its acquisition by the business.
interest expense : refers to cost of borrowing money used bythe business.
maintenance expense : refers to the cost of repairing.
miscellaneous expenses : refers to the different minor expenses incurred.

1

2

3

4

5

O

6

N

7

E

F

8

9

10

M

11

12

H

T

13

E

14

15

A

W

A

16

17

C

C

18

I

19

20

E

21

H

S

22

V

E

23

24

N

E

Q

25

G

26

E

27

28

R

C

29

S

E

30

U

U

Across:

1.

refer to structures used for business.

6.

heavy equipment that performs certain functions.

7.

refers to items used to perform office functions.

8.

currency and cash equivalents.

13.

refers to the cost of using space for office of business.

20.

refers to revenue derived from sale of goods.

21.

a form of business in which two or more people operate the common goal of profit-making.

23.

refers to cost of borrowing money used bythe business.

25.

refers to buying and selling goods.

26.

these enterprises earn their income by rendering services.

27.

land acquired for used in business.

28.

refers to the gross inflow of financial resources arising from profit-making activities.

29.

refers to revenue earned as a result of providing professional service to the clients.

30.

reffering to movable items that are acquired to improve the condition of a place.

Down:

2.

refers to the obligations of the business to transfer a measurable amount of resources.

3.

refers to the cost of transporting out goods to customer.

4.

refers to the outflow of financial resources arising from profit-making activities of the business.

5.

withdrawals of cash.

7.

papers, pens, ink, ersers and the like which are still unused.

9.

refers to the thing of value or right owned by the business.

10.

these enterprises earn their income by buying raw materials and converting them into finised product.

11.

obligations to suppliers for items bought on credit by issuing a promissory note.

11.

collectibles for services rendered.

12.

these enterprises earn their income by buying goods and selling them to consumers at a mark up price.

14.

refers to revenue earned as a result of providing service to the customers.

15.

contains how much the business owns, obligaton it owes, and the equity of the owners.

16.

refers to amounts paid to employees.

17.

a for-profit, limited liability entity that differs from a corporation.

18.

refers to the claim of the owner in the assets of business.

19.

terms used to identify specific elements of accounting to be used in the process of recording transactions.

22.

a for-profit, limited liability entity that has a seperate legal personality from its members.